Oil Edges Higher as ECB Measures Boost Market Sentiment

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Eric Yep Crude-oil futures rose in Asian trade Friday in line with positive sentiment in wider financial markets after the European Central Bank raised its growth forecasts and said it would begin its bond buying program from Monday. On ...

Europe Bond Yields Hit Record Levels -- 2nd Update

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Josie Cox The promise of a massive bond-buying plan from the European Central Bank has pumped the region's bonds to new highs in recent months and hit the euro. Now that the program is about to start, investors seem ...

European Bond Yields Hit Record Levels

TODAY: March 6, 2015 PUB DATE: March 6, 2015

Eurozone government bonds scaled new heights Friday, while the bloc's currency continued to hover around an 11-year low, a day after Mario Draghi underlined his commitment to a large bond-buying plan. Yields on 10-year bonds issued by Portugal, Italy and ...

China to Cut Coal Consumption to Reduce Pollution

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Brian Spegele BEIJING-China's government said on Friday it will slash coal consumption by 160 million metric tons over five years as part of a pollution-prevention action plan aimed at cleaning up the nation's skies. China's Ministry of Finance and ...

Greece Meets First IMF Payment Deadline

TODAY: March 6, 2015 PUB DATE: March 6, 2015

ATHENS--Greece has met the deadline for repaying the first part of it loan to the International Monetary Fund for March, a senior government official said on Friday. The installment, which was due on Friday, was worth EUR310 million euros ($341.93 ...

Sompo Japan to Buy Stake in France's Scor

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Megumi Fujikawa TOKYO-- Sompo Japan Nipponkoa Holdings Inc. said Friday that it has decided to spend about $915 million to buy a stake in French reinsurance giant Scor SE. In an attempt to gain stable profits from the commercial ...

Sika a Step Closer to Takeover by Saint-Gobain

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By John Revill ZURICH-- Sika AG suffered a setback in its battle to prevent a takeover by France's Saint-Gobain SA as the body governing acquisitions in Switzerland ruled in favor of the founding family's plan to sell its interest. The ...

EU Edges Towards Consensus on Sanctions Against Russia

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Laurence Norman in Brussels and Juris Ka a in Riga European Union governments began two weeks of debate on the bloc's policy toward Russia and Ukraine on Friday, with an apparent consensus emerging that the EU would stick to ...

Athens Shows Creditors Draft Reforms

TODAY: March 6, 2015 PUB DATE: March 6, 2015

ATHENS--Greece submitted a draft list of reform proposals to creditors on Friday ahead of a crucial meeting of eurozone finance ministers next week, at which Athens hopes to unlock more financial aid to avert a growing cash crunch. The list ...

U.S. Oil Prices Turn South After Strong Jobs Report

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Christian Berthelsen and Georgi Kantchev U.S. oil futures wavered between gains and losses Friday after monthly domestic job growth data came in better than expected and drove the dollar higher, undercutting crude prices. The U.S. benchmark was mildly higher ...

Canada's Trade Gap Widens -- Update

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Nirmala Menon OTTAWA--Canada's trade deficit ballooned to a near-record level in January as plunging oil prices hammered exports. The country's trade deficit widened to 2.45 billion Canadian dollars ($1.96 billion) and December's gap was revised to C$1.22 billion, almost ...

Bank of Mexico Sells $200 Million at Auction

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Anthony Harrup MEXICO CITY--The Bank of Mexico sold $200 million at an auction Friday as the peso weakened sharply against the dollar following a strong U.S. employment report that raised expectations the Federal Reserve could start to raise interest ...

MARKET SNAPSHOT: U.S. Stocks Lower Amid Strong Jobs Report

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Economy added 295,000 jobs in February; unemployment rate at 5.5% NEW YORK (MarketWatch) -- U.S. stocks sold off on Friday after a stronger-than-expected jobs report sent the dollar and 10-year Treasury yields rising, ...

Biotech Bidding War Yields Rich Price

TODAY: March 6, 2015 PUB DATE: March 6, 2015

(FROM THE WALL STREET JOURNAL 3/6/15) By Jonathan D. Rockoff The multibillion-dollar sales potential of a cancer drug that Pharmacyclics Inc. chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie Inc.'s $21 billion ...

Europe Bond Yields Hit Record Levels

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Josie Cox Eurozone government bonds scaled new heights Friday, while the bloc's currency continued to hover around an 11-year low, a day after Mario Draghi underlined his commitment to a large bond-buying plan. Yields on 10-year bonds issued by ...

China Real Fiscal Deficit Tops Budgeted Level

TODAY: March 6, 2015 PUB DATE: March 6, 2015

BEIJING--China's real fiscal deficit ratio is higher than the budgeted level as unspent funds from past years will be spent this year but not included in the budget calculation for 2015, Finance Minister Lou Jiwei said Friday. Speaking at a ...

German January Industrial Production Rises

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Todd Buell FRANKFURT--German industrial production increased on the month in January, as mild winter weather gave a healthy boost to the construction industry, data from the country's economy ministry showed Friday. In adjusted terms, production increased by 0.6% on ...

MARKET SNAPSHOT: U.S. Stocks: Futures Waver Ahead Of Key Jobs Report

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Sara Sjolin, MarketWatch The nonfarm payrolls report is released at 8:30 a.m. LONDON (MarketWatch) -- U.S. investors stayed cautious Friday, with stock futures wavering around the flat line, ahead of key unemployment data watched for hints to a Federal ...

Caixabank Stands Firm on Offer for Portugal's BPI

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Patricia Kowsmann and Jeannette Neumann LISBON--Spain's Caixabank SA said Friday that its offer for Portugal's Banco BPI SA is "fair" and will stay on the table, escalating tensions in a high-profile, cross-border takeover bid. Caixabank's remarks follow a statement ...